So basically, NuLagoon is violating 1 and 2 by not running any NuBots (which means we don’t actually need a motion to stop paying them, but motions are cleaner). As far as I can grasp, the idea is to use NuLagoonTube instead, or something. I am convinced NuLagoonTube is Tier 3 and cannot be independently verified. This is fine, as long as NuLagoon also has T1 and T2, like they say they will but don’t actually.
And here’s one of the issues it creates:
There are other issues, but they’re super spread out throughout threads. Basically, NuLagoon needs to be running NuBots and either actively balancing with T4 and (other) T3, or giving a means by which T3 and T4 can provide buy or sell side exactly at $1, or spread for the benefit of Nu.
My personal annoyance with them breaking contract is that they have violated a theoretical rule I’ve been developing:
Without running NuBots, I do not see NuLagoon as an MLP, but rather as a third party service that we are subsidizing. Why are we doing that?
Henry, NuLagoon saw a longer outage due to a non mandatory client update. You’ll have to accept that people are not happy with that when other parts of our microsystem manage to finish that update with better results.
Holidays usually don’t suddenly show up in the calendar either.
You have your fixed accounting days, and are mostly posting news on behalf of a team.
A team that gets a good share of the 5k fees every month (1-1.5k?)
@glock’s complaints about your failed accounting / withdrawals, an unbalanced tube (for >24 h) and us not being able to see your t1 liquidity in getliquiditydetails created this reaction from nagalim.
There is also a special attention to our liq ops in general at the moment,which I guess intensified things.
It’s shareholders duty to ask those questions if a before known to be reliable services seems to go down south fast. This is actually the only form of supervision that we have right now.
These kind of businesses need to “refresh” users and shareholders confidence and trust constantly.
Confidence and trust are lost when communication is lost.
Even a daily or weekly report of an operation show that all is good.
As a nubot gateway operator i know this well, thus i give daily reports of liquidity and status of my operation.